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SBI MF launches SBI Equity Opportunities Fund – Series IV


SBI Mutual Fund, one of India's largest mutual fund houses, today announced the launch of SBI Equity Opportunities Fund- Series IV, a three-year close-ended diversified equity scheme. The new fund offer (NFO) open for subscription from October 07 and close on October 21, 2015.

SBI Equity Opportunities Fund - Series IV would offer two plans viz Direct Plan & Regular Plan. Both plans would offer Growth and Dividend options. Dividend option would have the facility of payout and transfer.

Speaking on the occasion, Dharmendra Grover, portfolio manager, SBI Mutual Fund, who is the fund manager for the new scheme, said, ''SBI EOF Series IV is an ideal investment solution as the new fund would invest in stocks that benefit from the structural trends in the Indian economy. On the back of slowing global economies, the India growth story has been a bright spot, and with potential to grow further, India presents an attractive opportunity for investors.''

Improving macro-economic conditions in the country, stable pro-growth government and positive sentiments of the global and domestic companies are great enablers to help fulfill the fund investment objective,'' Grover added.

The scheme shall have exposure to equity and equity related securities to the extent of minimum 80% of the total assets with a maximum exposure of 100%.

The minimum application amount is Rs 5,000 in multiples of Rs 1 thereafter, additional purchases for Rs 1,000 and in multiples of Rs 1, thereafter. The benchmark for this scheme is S&P BSE 100.

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